Suppose you can purchase a $$1$ million Treasury bill that is currently selling on a discount basis at $\frac{951}{2}$ percent of its face value. The T$-$bill$-$is $60$ days from maturity. Calculate the bond equivalent yield.

Multiple Choice

$478\%$

$28\mathrm{.}66\%$

$450\%$

$27\mathrm{.}38\%$